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south to sell his plan. democratic senate leader harry reid says that the gang of six in the fine net -- in the finance committee is making progress -- gang of five, according to charles. over in the house, liberal democrats are steaming over the compromise, a deal that speaker policy and henry waxman have reportedly made with the blue dog democrats. how does one get his arms around this plan? >> the cleared thing to understand is that without the blue dogs, democrats are in the minority. >> tail wagging the dog. >> they do have a certain leverage in the democratic caucus. it picked up 11 seats that republicans held in 2006, another six that republicans held in 2008. they are really fighting to hold on to the democratic majority. you have got to listen to them. it still comes down to the democrats coming to the realization that nina touched on in the last segment that they will have to put the democrats together to pass this, and maybe get some republicans. that is where most of the work has to be done. >> nancy pelosi says that the insurance companies -- the lobbying they are doing i
not on -- >> but their rhetoric is a little different. what nancy pelosi and harry reid, the majority leader in the senate is that they're evil and make too much money. what the president has been saying is their business is to be responsible and provide the services that all of us are paying for and that they're not providing the services safety net we're all paying for. he talks about the word "responsibility." and they're saying something a little different, which is they're making excessive profits and that they are in effect evil companies. he doesn't go quite that far. gwen: how much is this coordinated if at all? >> it's well-coordinated on both sides. there's a lot of work going on trying to figure out what's the best way to sell this, what's the best way to attack it. and i think what you saw this week is that the administration and the democrats decided, you know, there's one person in the white house, you're either a stick or pinata, and they'd rather be the stick than the pinata and they were getting hit very hard. they spent a lot of time trying to talk about this in terms of bringing down co
record as a moderate, mainstream judge. and majority leader harry reid criticized republicans for their opposition. >> i'm disappointed not more of my colleagues are likely to vote for this outstanding nominee. in light of her record and qualifications. but maybe in the future things will get better. i am, however, grateful for the respect my colleagues have shown her throughout this process, even those who have said they are not going to vote for her. >> ifill: the confirmation vote is expected to take place on thursday. in economic news, there were two encouraging reports from june. the national association of realtors reported pending home sales were up for a fifth straight month. and the commerce department said consumer spending rose 0.4%. it's been up two months in a row on wall street. the dow jones industrial average gained 33 points to close at 9320. the nasdaq rose more than two points to close at 2011. and still to come on the newshour tonight, foreclosure assistance; a guantanamo update; and containing avian flu. that follows a look at today's white house effort to
. >> they face a potential loss of unemployment benefits but senate majority leader harry reid promised action. >> soon after congress returns to washington, we'll need to address this matter. unemployment benefits are a sound investment. there should be no disagreement that we should help those who are suffering as a result of an economic crisis they didn't create. >> reporter: congress has already extended unemployment benefits three times during this recession. for a closer look at today's numbers, we turn to: diane swonk, chief economist at mesirow financial, a diversified financial services firm in chicago; and jim ellis, assistant managing editor at "business week" magazine. diane swonk, companies are still shedding jobs but not as quickly. so, relatively speaking, better than expected, right? >> certainly better than expected. we also saw an increase in the hours worked which is one of those big precursors to hiring. firms are much more likely to take the employees they have and work them longer hours before they actually make that commitment to actually hiring workers. the other good n
washington the top democrat predicts the cash for clunkers will bill pass this week. harry reed said it could happen before friday when the senate goes in to recess. the top repub the senate's top republican, mitch mcconnell, says he'll work with reid on the logistics of a vote. the house has already okayed it. the obama administration wants $2 billion to keep the rebate program going, extending "cash for clunkers" until labor day. more than 150,000 gas guzzlers have been traded in for fuel efficient vehicles. the price tag: $664-million. >> paul: wall street started the day with a modest sell off but didn't end that way. the dow was down 18 points in the first hour of trading with the nasdaq off 19 points. but an upbeat long term outlook from caterpillar and a better than expected 3.6% rise in june pending home sales turned stocks higher during the mid-session with the dow up over 33 points. the selling resumed in the afternoon but stocks made a late rebound to close on the plus side. >> susie: oil prices fell slightly today but are still up eight dollars in the past three sessions. light sw
Search Results 0 to 4 of about 5